All too often, it’s the seemingly obscure issues that really have an impact on our lives. For example, who among us, except for a privileged few on Wall Street, ever heard of SIVs (structured investment vehicles) until this year’s subprime mortgage collapse suddenly brought to light this latest stratagem for maximizing investor profits? (Apparently, even those supposedly in the know didn’t sufficiently understand that, like SUVs, SIVs can roll all over you if you’re not careful).
China currency manipulation is another such concept that deserves to be better understood—because it impacts all of us right in our pocketbooks.
This week, AFL-CIO Secretary-Treasurer Richard Trumka laid out the issue at The Hill blog, making it clear why China’s refusal to increase the value of its currency—and the Bush administration’s total failure in moving China’s government to do so—underlies many of our economic woes.
Together with AFSCME members and the entire union movement, Dave Warrick, executive director of AFSCME Council 62 and a union member since 1989, have spent months getting out the vote among Kentucky working families. At stake is the state’s gubernatorial election in which working families’ candidate Steve Beshear is challenging anti-worker Gov. Ernie Fletcher. AFSCME, UAW, United Steelworkers and dozens of other unions are working in coalition with the Kentucky State AFL-CIO to defeat Fletcher.
Kentucky’s AFSCME workers probably took this governor’s race more personally than just about anyone else. Gov. Ernie Fletcher’s first order of business was to take away our collective bargaining rights as state workers, a right we fought hard to gain under Gov. Patton’s administration.
Together with AFSCME members and the entire union movement, Dave Warrick, executive director of AFSCME Council 62 and a union member since 1989, have spent months getting out the vote among Kentucky working families. At stake is the state’s gubernatorial election in which working families’ candidate Steve Beshear is challenging anti-worker Gov. Ernie Fletcher. AFSCME, UAW, United Steelworkers and dozens of other unions are working in coalition with the Kentucky State AFL-CIO to defeat Fletcher.
Kentucky’s AFSCME workers probably took this governor’s race more personally than just about anyone else. Gov. Ernie Fletcher’s first order of business was to take away our collective bargaining rights as state workers, a right we fought hard to gain under Gov. Patton’s administration.
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